ANALİZ-MetalsMarket İngilizce Bakır Teknik Analiz Yorumu

MetalsMarket ( http://www.metalsmarket.net/ ) Baş Metal Analisti
Anıl Ceyhan Tarafından Hazırlanan Bakır Analizi:
"Short Term DOWN
Medium Term DOWN
Long Term UP

SUPPORT LEVELS
6970$/ton
6910$/ton
RESISTANCE LEVELS
7080$/ton
7125$/ton

MOVING AVERAGE LEVELS
9 DAYS 6893$/ton
20 DAYS 6668$/ton
50 DAYS 6643$/ton
100 DAYS 6289$/ton
TECHNICAL INDICATORS
MACD BUY
STOCHASTIC SELL
RSI SELL
LME copper prices rallied above 7000$/ton and tested a high of
7177$/ton on October 16. On that day prices posted their biggest
daily jump in 8 months at 3.7%. In the following sessions, prices
came under profit taking sales pressure and eased down to the edge of
7000$/ton as of today. There seems to be incoming support from the
bulls around 7000$/ton. Should the bulls win the battle against bears
at the current levels prices may test new highs in the following
sessions. On the upside 7200$/ton stands as the near-term resistance,
if that level is breached 7350$/ton would become the new target.
However, if the bears take the lead, correction from the recent spike
may persist and would take prices down to the nearest support at
6970$/ton, which was the strong resistance in the previous trend.
Trades below that level may bring prices to the 9-day moving average
around 6900$/ton.
China's unwrought copper imports jumped by 26.5% in September from
a year ago, according to customs data on Friday, but remained on
course for an annual drop in 2017.
Stronger than expected September China PPI data was supportive for
copper. It indicated the resilient demand in the world's top copper
consumer.
International Copper Study Group assumes a copper market deficit
this year. The group last month stated that the global copper demand
exceeded supply by 75,000 tons during the first half of the year.
However, given the solid demand for the red metal, we see a limited
risk of undersupply with mine production recovering from disruptions
earlier. Furthermore, current high prices are triggering new capacity
additions. For example, Peru grows copper output. Total production
of Peruvian mines in August was 3.8% higher on year at 209,000 tons,
boosted by higher output from Cerro Verde (+10%yoy) and Antamina
(+6.5%yoy).
According to the LME data funds' total net long copper positions
rose to 61,302 lots last week, which represents an increase of about
13% since October 2. This is the highest level since mid-September.
The inflation of high longs would pose the risk of long liquidation,
which need to be taken into account."

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alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize
uygun sonuçlar doğurmayabilir.

*******

Foreks Haber Merkezi ( [email protected] )
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